Tech & Healthcare Pulls TSX Composite Up

2 min read | January 18, 2021 05:21 PM EST | By Team Kalkine Media

Despite the threat of Keystone XL project being scrapped by the Joe Biden-led upcoming US government, the benchmark S&P/TSX Composite Index gained 35.85 points to settle at 17,944.88 on Monday, January 18, 2021.

Baring the TSX energy index, all other sectors closed in the green. The largest gain was recorded by technology and health care indices, which rose by 1.35 and 1.34 per cent respectively.

Energy index doffed 1.58 per cent after several reports claimed that President-elect Biden may sign documents to nix the project on day 1.

The top loses in the market included Vermilion Energy (down 4.1 per cent), Seven Generations Energy (down 4.4 per cent).

One-Month Price Chart of S&P/TSX Composite Index as on January 18, 2021 (EODHD/Others, Thomson Reuters)

 

The benchmark index of junior Canadian market – TSX Venture – gained 12.33 points or 1.35 per cent to 920.33 on Monday.

The US stock markets remained closed for Martin Luther King Jr. Day.

 

Commodities*

 

Brent Oil futures dropped by 0.64 per cent to US$ 54.75 while Crude Oil WTI Futures added 0.31 per cent to close at US$ 52.36.

Meanwhile, the loonie dipped against the greenback on Monday, with the CAD/USD down 0.17 per cent to 0.7838.

Gold futures dipped 1.48 per cent to US$ 1,836.60 per ounce.

 

*All details after markets close on Monday, January 18, 2021


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